Tuesday, May 10, 2011

New Contrast uses Monsterpay

New MonsterPay Features

Virtual Credit Card Terminal

The Virtual Credit Card Terminal now makes it possible to accept totally secure credit card payments over the phone, or in person, without the need for a POS terminal. Buyers often feel unsure about disclosing their credit card details to a merchant, whether this is done face to face, online, or telephonically. The Virtual Credit Card Terminal offers a solution to this problem!

The principle behind this innovative payment method is that the merchant is not given access to all of the buyer’s credit card information. The buyer receives an instant payment request via SMS or email, whereby they must submit their CVV number to MonsterPay.

This ensures that the CVV number is inaccessible to the merchant, and the buyer can rest assured that no transaction can be processed without their knowledge and consent. This security measure gives both the buyer and the merchant even greater protection.

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